As the world's largest search engines unveiled new AI robots, the artificial intelligence (AI) is taking hold in the value chain of fashion accessories, furniture, apparel and footwear, from optimizing resale experiences, helping shoppers find products that are suitable for reducing returns and customizing the purchase journey.
In Tuscany, fashion contractors internalize subcontracting. From leather goods to buckle finishes, different manufacturers reorganize factories, writes ilSole24ore. The problem of the fashion and leather sector in Italy is the lack of manpower. For this reason, brands acquire strategic suppliers, i.e. those who havegreater expertise and internalize the productions that were once outsourced.
In the fiscal third quarter ended Dec. 31, Jimmy Choo posted revenues of $168 million, down by 5.6 percent year-over-year on a reported basis but up by 3.4 percent at constant currency rates. The brand’s performance was affected by the surge in Covid-19 cases in China as the country reopened. Excluding mainland China, revenues increased by 10 percent in local currencies. [Jimmy Choo's quarterly sales hit by Covid resurgence in China - shoeintelligence.com]
Called Maison du Dodo, it will be marked by a logo depicting the extinct bird. Now a new fashion venture is launching, conceived and developed by South Korean company Hyaloid over the past two years, that is made in Italy and called Maison du Dodo. [South Korean Firm Launches Fashion Collection Made in Italy – WWD]
The 27th edition of Inspiramais, which took place from January 24 to 26 at the Events Center of the Federation of Industries of the State of Rio Grande do Sul (FIERGS), in Porto Alegre, had double-digit growth in business. The fair that revealed trends in inputs and materials for the footwear, clothing, accessories and home industry is the only one of its kind in the region. [Inspiramais conclui primeira edição de 2023 com êxito- Fashion network]
Supply problems have plagued the retail sector this year, forcing Walmart and Target with full warehouses to cut orders, for example. Adidas cuts its forecast for the year in a sign of growing uncertainty. The US will enter recession this year. Ukraine, Russia and the United Kingdom already are. The IMF confirms that global growth will slow to 2.7% next year, down from 3.2% this year and 6% in 2021. ['Worst Is Yet to Come' for Retailers Facing Recession – SJ]
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